Real Estate Agents -Before You Choose One, Read This
Posted on April 8, 2009 in the Real Estate category
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So you have decided to sell your house, and you are looking for a real estate agent to represent you. Here are just a few suggestions of a few things you may want to know about your agent before contracting with them. The number of years on the job is only one factor…
Being the listing agent means that you could, theoretically, just list the property on the MLS and a few high traffic web sites, and then just wait to get contacted by potential buyers and their agents. And that is all… In that case you could as well list the property yourself for a flat fee and save thousands on commissions.
Knowing how may homes the agent has sold in the past year, how many of those transactions were as a sellers agent? How many of those homes sold for the asking price? In other words, will your agent work to get your asking price or will they quickly advice you to reduce your price for a quick sale? (And a quick comission?)
Not everyone is good at negotiating or asking for things.In a transaction involving a large sum of money such as your house, would you not have an agent that have the skill and know how to negotiate the best deal for you?
Besides placing your listing on the MLS, what other marketing plans does this agent have? Ads? Will they host open houses? Will those open houses be advertised somewhere to draw the largest amount of house-shoppers?
Is your potential agent available seven days a week? Amazingly, some agents do not work, nor return calls on the weekends. Weekends tend to be the busiest time in real estate… What will be the average respons time? This can be crusial not only when a new potential buyer makes contact, but also during negotiations when time is of the essense due to contract expirations.
The personality of your agent is important as well. Is he/she upbeat and easy to talk with? Is she enthusiastic and optimistic? Is she interested in putting in some effort to get this deal completed? Or is she pessimistic, cautious and unmotivated
An agent should be chosen with care. All contracts have a time limit, and you could be forced to stay with an agent for months. Make sure it is an agent you like, trust and find competent.
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Very informative, I’m glad I got a good real estate agent by chance.
Definitely useful information to keep in mind.